Gold weekly Review
Expect a possible bearish price rally towards $1253.
Silver weekly Review
Wait for a clear breakout below the trend line to go short with an ideal target at $16.17.
OIL weekly Review
As previously expected, the corrective wave 2 could not go beyond the beginning of wave 1. We expect the current downward rally to be the unfolding of the impulsive wave 3 and should be extensive in nature. Ideally, this wave should stall around the 50.0 Fib level but should not go beyond 61.8 Fib level. A clear breakout out below the 61.8 Fib level may push the price further to the lower side but should not go beyond. This view can only be invalidated incase the commodity clearly rebound from the 50.0 Fib Level.
Expect a possible bearish price movements towards 50.0 Fib level